33
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$1,600,000
Est. payment /mo
3,750 Sqft Lot
Active
788 Molino AVE Long Beach, CA 90804
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25033951
Originating Board California Regional MLS
Year Built 1928
Lot Size 3,750 Sqft
Property Sub-Type Fourplex
Property Description
Nestled in the heart of the Rose Park Historic District, 788 Molino Ave presents a rare investment opportunity in one of Long Beach's most sought-after rental markets. This well-maintained quadruplex spans an impressive 4,150 square feet and offers a diverse mix of unit types, catering to a wide range of tenants. With three units currently occupied, the property features two 1-bedroom, 1-bath units ideal for young professionals or couples, a spacious 3-bedroom, 2-bath unit perfect for families or shared living, and a flexible 2-bedroom, 2-bath unit with broad appeal. Boasting a projected cap rate of 5.13%, a gross scheduled income of $116,700, and a current net operating income of $82,059, this property is a compelling opportunity for investors seeking strong returns in a high-demand market. Its prime location in the charming Rose Park District ensures consistent rental demand, thanks to its walkability, proximity to major employers, and easy access to transportation, shopping, and dining. A major bonus in this competitive rental landscape is the valuable parking and storage space, including two garages (currently used for storage) and two additional uncovered parking spaces-a significant draw for tenants in Long Beach. Whether you're a seasoned investor or looking to expand yo
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Heating Floor Furnace , Gravity, Multi Type, Wall Furnace
Cooling None
Laundry Washer/Dryer - Owned, Community Facility
Exterior
Garage Spaces 4.0
Pool None
View Local/Neighborhood
Roof Type Tile,Composition
Building
Foundation Raised
Water District - Public
Others
Tax ID 7262018027
Special Listing Condition Not Applicable
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Listed by Edward Kaminsky • eXp Realty of California, Inc